XAGATE

A Ripple Gateway

XAGATE is a Ripple Gateway operated in Ontario, Canada by 8569541 Canada Inc. XAGATE offers access to cryptographically secure digital bearer bonds called IOUs. IOUs are stored over the Ripple Network, also known as the Internet of Value. Our IOUs are redeemable for physical precious metals and cryptocurrencies.

XAGATE supports competition within the Ripple Gateway industry, please visit QuickGatewayKit to get started operating your own Gateway or write me an email regarding your project to taylor at xagate dot com.

rGgS5Hw3PhSp3VNT43PDTXze9YfdthHUH is the Issuing Address to trust for XAGXAUXPTXPDBTCLTCNXT, and ETH IOUs. Trust the issuing address r3ADD8kXSUKHd6zTCKfnKT3zV9EZHjzp1S for CAD IOUs. The TickSize for precious metals and cryptocurrencies is set to 8 and 4 for fiat currencies.

XAGATE does not charge transfer fees for the usage of its assets over the Ripple Network. This is subject to change at any time. A grace period of 90 days occurs in which the transfer fee will not be in effect until after it has been announced to the community via the official Ripple forums.

Fee Schedule

Please note:  Federated account access is not available at this time meanwhile registration remains open.

Silver (XAG)

Deposits: 2% of total order for credit card option and 0.02 ozt flat rate per ozt for personal deposits. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 10 XAG minimum withdrawal limit, nominal shipping fee for order greater than 50 XAG, all shipping expenses are the client’s obligation to pay before withdrawal.

Gold (XAU)

Deposits: 0.499%. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 0.499%. 5 XAU minimum withdrawal limit. All shipping expenses are the client’s obligation to pay before withdrawal. Minimum and maximum limits may rise or fall depending on current market rates.

Gold (GAU)

Deposits: 0.499%. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 0.499%. 50 GAU minimum withdrawal limit. All shipping expenses are the client’s obligation to pay before withdrawal. Minimum and maximum limits may rise or fall depending on current market rates.

Platinum (XPT)

Deposits: 0.499%. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 0.499%. 5 XPT minimum withdrawal limit. All shipping expenses are the client’s obligation to pay before withdrawal. Minimum and maximum limits may rise or fall depending on current market rates.

Palladium (XPD)

Deposits: 0.499%. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 0.499%. 5 XPD minimum withdrawal limit. All shipping expenses are the client’s obligation to pay before withdrawal. Minimum and maximum limits may rise or fall depending on current market rates.

Bitcoin (BTC)

Deposits: Minimum deposits are 0.005 BTC. 0.5% plus 0.00025 BTC.

Withdrawals: 0.00025 BTC

Litecoin (LTC)

Deposits: Minimum deposits are 1 LTC. The service fee is 0.9% plus 0.0026 LTC.

Withdrawals: 0.0155 LTC

Nextcoin (NXT)

Deposits: Minimum deposits are 150 NXT. The service fee is 1.99% plus 1.5 NXT.

Withdrawals: 3NXT

Ethereum (ETH)

Deposits: Minimum deposits are 1 ETH. The service fee is 0.55% + 0.00035 ETH.

Withdrawals: 5%, 0.0025 ETH, plus the network fee.

Canadian Dollars (CAD)

Deposits: Minimum deposits are 3$. The service fee is 2.75$, processed via Interac E-Transfer.

Withdrawals: Minimum withdrawals are 5$. The service fee is 2.75$, processed via Interac E-Transfer.

Resources and Other Services

Learn more about Ripples (XRP) at the XRP portal.

Here is a guide to create new Ripple accounts.

Here is a list of resources for developers.

XAGATE supports competition within the Ripple Gateway industry, please visit QuickGatewayKit to get started operating your own Gateway or write me an email regarding your project to taylor at xagate dot com.

JFK Social Capital IOU

The social capital IOU named JFK is offered by the Ripple Gateway ~Xagate/rGgS5Hw3PhSp3VNT43PDTXze9YfdthHUH. The Initial Coin Offering begins with 50 million packages being sold for 0.00015 up to 0.0002 for a total market supply of 250 million to be sold over this ICO. Trust-lines from the market making account and any unsold tokens after the end of the ICO will be returned to the Gateway.

Redemption Options

500,000 JFK

While supplies last, 1/10th of .999 fine silver, shipped to anywhere in the world (note that you must be registered with the Gateway).

2.5 Million JFK

The explanation of how John F Kennedy was working for his country’s citizens’ right to sound money & was then ultimately assassinated.

5 Million JFK

Schedule a call with me to talk about the Ripple environment or anything else you wish to speak about.

More options available soon!

Deposit Silver (XAG)

Do you already own silver and want to join the Ripple network?

You can deposit silver in exchange for a warehouse receipt, called an XAG IOU. These digital claims onto silver we custodian on our clients’ behalf can be used to purchase XRP or any other asset available over the Ripple protocol.

Service Fee: flat rate of 0.02 XAG applied to each troy ounce deposited to XAGATE.

Credit Card Gateway Option

You may purchase bullion from any reputable online bullion dealer, such as silvergoldbull.com, for delivery to our vault in exchange for our XAG IOUs.

Service Fee: 2% service fee applied to the total deposited.
Submit a Settlement Request

Cryptocurrencies

IMPORTANT: If you would like to act as a rippler, please enable Rippling when trusting our Gateway. If you do not want your XAGATE IOU balances to fluctuate with other gateways you trust of the same currency code, then disable the Rippling option when you trust our Gateway.

NXT

 

Minimum deposits are 150 NXT. The service fee is 1.99% plus 1.5 NXT.

BTC

 

Minimum deposits are 0.005 BTC. The service fee is 0.5% plus 0.00025 BTC.

LTC

 

Minimum deposits are 1 LTC. The service fee is 0.9% plus 0.0026 LTC.

ETH

 

Minimum deposits are 1 ETH. The service fee is 0.55% + 0.00035 ETH.

Deposit/Withdraw Cryptocurrency

Please carefully read our Terms of Services and carefully monitor our Fee Schedule as cryptocurrency prices fluctuate.

Submit a Settlement Request

Canadian Dollars

Minimum deposits are 3$. Minimum withdrawals are 5$. The service fee is 2.75$, processed via Interac E-Transfer. Any fees imposed by your financial institution are your responsibility.

Submit a Settlement Request

Terms of Service

XAGATE Terms of Service (“Agreement”)

This Agreement was last modified on September 3, 2017 by Taylor Warden.

Please read these Terms of Service completely using XAGATE.com which is owned and operated by XAGATE. These Agreements document the legally binding terms and conditions attached to the use of the Site at XAGATE.com. By viewing or browsing the Site, or by accessing or using any Services, you are agreeing to be bound by these Terms of Service.

Intellectual Property

The Site and all of its original content are the sole property of XAGATE and are, as such, are fully protected by the appropriate international copyright and other intellectual property rights laws.

Links to Other Websites

Our Site does contain a number of links to other websites and online resources that are not owned or controlled by XAGATE.

XAGATE has no control over, and therefore cannot assume responsibility for, the content or general practices of any of these third party sites and/or services. Therefore, we strongly advise you to read the entire terms and conditions and privacy policy of any site that you visit as a result of following a link that is posted on our site.

Deposits of Precious Metals

The client, henceforth known as the Depositor, must initiate a Deposit Order by submitting a request to the Gateway Operator. The Deposit Order must be initiated before the deposit can legally be received. Shipments of precious metals without a correlating Deposit Number, will not be processed and instead returned to the sender, at the sender�s cost.

Withdrawals of Precious Metals

The client, henceforth known at the Claimant, must initiate a Withdrawal Order by submitting a request to the Gateway Operator. A representative will contact you shortly after we have received and begun to process your order. Shipping fees are the Claimant�s responsibility and must be paid before the shipment of precious metals. Once the IOUs and shipping fee has been collected, your order will be marked complete and your precious metals will be shipped to you. XAGATE offers the following methods of payment for shipping fees: Interac e-transfer, cryptocurrency via coinpayments.net, or XAG.XAGATE in exchange to the current XAG/CAD market rate at the time of processing your quote.

Segregated and Non-Segregated Accounts

XAGATE now offers issuances of your precious metals deposits which are 9999 pure through segregated accounts for a small service fee of 3% of the total amount deposited; Contact the Gateway Operator for more information.

Deposits of Digital Assets

The client, henceforth known as the Depositor, must initiate a Deposit Order by using the web form provided on the XAGATE.com for the digital asset in question. A Deposit Order must be initiated before the deposit can legally be received.

Withdrawals of Digital Assets

The client, henceforth known as the Claimant, must initiate a Withdrawal Order by submitting a request to the Gateway Operator. A representative will contact you shortly after we have received and begun to process your order. Once the IOUs have been collected from the Claimant, your digital assets will be released to the wallet provided with your Withdrawal Order.

Laws Affecting Transactions

Overview

In the case of a suspicious transaction report being required under Canadian law, as outlined in the PCMLTFR (please see below), we may require some more information via email. A transaction is defined as either a deposit or withdrawal.

Identification Requests

Clients who have not performed a transaction with the Gateway within 90 days of their last transaction will be required to verify their identity. Please note that whenever a deposit or withdraw totals $3,000 or more of any asset within a single transaction or if your total transactions within 24 hours total $10,000 or greater, you will be required to perform the identification process. The following information must be collected from the client: Full Name, Full Address (including Postal/ZIP Code), Ripple address, a clear photo of the front and reverse of their Government Photo Identification, a clear photo of you holding the identical identification, and a photo/scan/original digital document from a reputable source such as a Mobile/Wireless provider, Utilities, or Bank which includes your Full Name and Full Address in addition of a clear photo of you holding the identical document. Government Photo Identification is defined as a passport, a Driver�s License, or typically any identification which includes all of the aforementioned information. Documents originating from a reputable source must be current (dated within the past 60 days as of the time of the transaction). Photos of documents which are taken with cell phones may be declined due to poor quality.

Section 1

In Accordance with Canadian Law, a large cash transaction report is submitted to FINTRAC when a reporting entity receives 10,000$ or more in cash in the course of a single transaction, or when it receives two or more cash amounts totalling 10,000$ or more made within 24 consecutive hours by or on behalf of the same individual or entity. This regulation requires XAGATE to regulate the deposit and withdrawal process of all assets, measured in Canadian Dollars, which is calculated at the time in which your order was received. This calculation will be done with the available trade data from any reputable statistics application which is available if nxtreporting.com, cavirtex.com, and/or bitstamp.com are not available to gather the required data. XAGATE is no way affiliated with any of the aforementioned web sites.

Section 2

An electronic funds transfer report is submitted to FINTRAC upon a transmission of instructions for the transfer of $10,000 or more out of or into Canada in a single transaction or in two or more transactions totalling $10,000 or more made within 24 consecutive hours by or on behalf of the same individual or entity, through any electronic, magnetic or optical device, telephone instrument or computer.

Section 3

XAGATE may be considered a dealer in precious metal and stones (DPMS). Subsection 1(2) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) defines a DPMS as �a person or entity that, in the course of its business activities, buys or sells precious metals, precious stones or jewellery.� However, as indicated in section 39.1 of the PCMLTFR, it is only once a DPMS engages in the purchase or sale of precious metals, precious stones or jewellery in an amount of $10,000 or more in one transaction, regardless of how it is paid, that they become subject to the PCMLTFA and the obligations outlined therein. DPMS businesses are not required to register with FINTRAC.

Section 4

A suspicious transaction report is submitted to FINTRAC in respect of a financial transaction that occurs or is attempted, and for which there are reasonable grounds to suspect that the transaction is related to the commission or attempted commission of a money laundering or terrorist activity financing offence. Unlike all other reporting obligations, there is no monetary threshold associated with the reporting of a suspicious transaction.

Cryptocurrency Entrepreneurs, and other interested individuals; please refer to the

FINTRAC Annual Report for 2013-2014

Lawyers, Government officials, investors, and interested individuals; please investigate the Regulations Amending Certain Regulations Made under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, 2015

XAGATE is considered a Money Services Business under Canadian Law and is registered with FINTRAC: Our registration number is M16017510. XAGATE may be required to submit clientele�s information as outlined above. As regulations in the future may affect XAGATE, these Terms of Service will be required to change. Please refer to the Changes to these Agreement(s) section.

Regarding the Law

These Agreements are governed in accordance with the laws of Ontario, Canada. Cryptocurrency and Money Services Businesses are a rapidly legislated and regulated industry. If you are a lawyer, investor, stakeholder, or Government regulatory agency that wishes to send an inquiry in regards to the law that may affect XAGATE or its clients in any way (where applicable) see the Contact Us section. In the case of a civil lawsuit being issued to XAGATE, the ensuing lawsuit will be heard from within a court of law based in Ontario, Canada. ALSO, ALL CONTENT, SERVICES AND FUNCTIONS ON THIS SITE, OR ANY OTHER SITE LINKED TO THIS SITE, ARE PROVIDED “AS IS” AND “AS AVAILABLE” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

Changes to these Agreement(s)

XAGATE reserves the right to modify these Terms of Service at any time. We do so by posting an announcement of a change of Terms of Service within the XAGATE Gateway thread on the official Ripple forums, to draw attention to the updated terms on the Site. It is suggested that you visit this thread and subscribe to it an receive future posts to your email. Your decision to continue to visit and make use of the Site an its services after such changes have been made constitutes your formal acceptance of the new Terms of Service. Therefore, we ask that you review these Agreement(s) for such changes on an occasional basis. Should you not agree to any provision of these Agreement(s) or any changes we make to these Agreement(s), we ask and advise that you do not use or continue to access the XAGATE site nor its services immediately.

Termination and Denial of Services

XAGATE reserves the right to terminate your access to the Site an its services, without any advance notice. XAGATE also reserves the right to refuse deposits or withdrawals, without any advance notice (for example, in the instance of suspicious orders). XAGATE’s operator is required under law and FINTRAC regulations to immediately freeze any accounts’ balances when we receive a notification for a deposit or withdrawal totalling 10,000$ within a 24 hour period.

AuditsAudits are performed once yearly on client deposits. This audit will be released via Twitter plus on XRPchat and the Ripple forums. The extent of all audits will include the following proof of custody:

-Video evidence of both precious metals and fiat held in the vault

-Photographic evidence of any remaining dollars stored in the RBC account via internet banking

-Photographic evidence of Bitcoin, Litecoin, NXT, and ETH wallet balances via any reputable statistics reporting website plus balances held within trading platforms or wallets owned by 8569541 CANADA INC.

Pricing Information

XAG

Deposits

XAG is subject to a 0.02 XAG service fee, per ounce deposited from a client�s holdings. In the case of the Credit Card Gateway option, a 2% service fee will apply for deposits originating from a reputable online bullion dealer on the total amount deposited.

Withdrawals

On bulk orders of 50 XAG or more a nominal shipping fee will apply. The shipping rate depends on the destination address. Withdrawals for XAG.XAGATE incur a 10$ fee for Canadian residents, 15$ fee for USA shipping, and 30$ for flat-rate worldwide shipping (plus applicable taxes).

Limits imposed on Withdrawals

There is a minimum redemption of the XAG.XAGATE asset, which is 10 XAG. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE’s terms of service for more information.

Limits imposed on Withdrawals

XAU

There is a minimum redemption of XAU, which is 5 ounces of gold. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE’s terms of service for more information.

XPT

There is a minimum redemption of XPT, which is 5 ounces of platinum. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE’s terms of service for more information.

XPD

There is a minimum redemption of XPD, which is 5 ounces of palladium. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE’s terms of service for more information.

A Note on Withdrawal Limits

All minimum withdrawal limits are subject to change, without notice, at the time of your quote. This will occur in instances when XAGATE must abide by Canadian law and guidelines set forth by FINTRAC. Whenever a transaction notification of 10,000$CAD worth of financial instruments is initiated, a regulatory process must be upheld. Your quote will include an explanation of these regulations as well as provide you with the calculation of the new minimum and maximums for the precious metals IOUs, when required. Please refer to the Termination and Denial of Services section above.

XAU Deposits

XAU is subject to a 0.499% service fee which is applied to the total amount deposited.

XPT Deposits

XPT is subject to a 0.499% service fee which is applied to the total amount deposited.

XPD Deposits

XPD is subject to a 0.499% service fee which is applied to the total amount deposited.

XAU Withdrawals

Withdrawals of XAU incur a service fee of 0.499% which applies to the total withdrawal amount. The shipping rate depends on the destination address. Withdrawals for XAU.XAGATE incur a 10$ fee for Canadian residents, 15$ fee for USA shipping, and 30$ for flat-rate worldwide shipping (plus applicable taxes).

XPT Withdrawals

Withdrawals of XPT incur a service fee of 0.499% which applies to the total withdrawal amount. The shipping rate depends on the destination address. Withdrawals for XPT.XAGATE incur a 10$ fee for Canadian residents, 15$ fee for USA shipping, and 30$ for flat-rate worldwide shipping (plus applicable taxes).

XPD Withdrawals

Withdrawals of XPD incur a service fee of 0.499% which applies to the total withdrawal amount. The shipping rate depends on the destination address. Withdrawals for XPD.XAGATE incur a 10$ fee for Canadian residents, 15$ fee for USA shipping, and 30$ for flat-rate worldwide shipping (plus applicable taxes).

Cryptocurrency Deposits (BTC, LTC, NXT, ETH)

All fees are subject to change.

Service Fees:

BTC 0.5% + 0.00025BTC
LTC 0.9% + 0.0026LTC
NXT 1.99% + 1.5NXT
ETH 0.55% + 0.0035ETH
Fiat:
See Below:Flat rate 2.75$CAD plus fees applied by your bank, Interac e-transfer
Ripple IOUs:
XRP 0.99%
CAD.XAGATE 0.59%
BTC.SnapSwap 0.59%
USD.SnapSwap 0.59%
EUR.Bitstamp 0.59%
GBP.Bitstamp 0.59%
Minimum Deposits:
0.005BTC
150NXT
1LTC
1ETH

Deposit Instructions

Crypto Deposits [BTC, LTC, NXT, ETH]

Minimum deposits to the gateway are 0.005BTC, 1LTC, 150NXT, or 1ETH. To make a deposit, trust the gateway address rGgS5Hw3PhSp3VNT43PDTXze9YfdthHUH with no less than 0.5 BTC, 10 LTC, 150 NXT, or 5 ETH.

IMPORTANT: If you would like to act as a rippler, please enable Rippling. If you do not want your XAGATE IOU balances to fluctuate with other gateways you trust of the same currency code, then disable the Rippling option when you trust our Gateway.

Crypto Withdrawals

Withdrawals from the BTC gateway incur a 0.00025 BTC service fee.
Withdrawals of LTC gateway incur a 0.0155 LTC service fee.
Withdrawals from the NXT gateway incur a 3 NXT service fee.
Withdrawals from the ETH gateway incura 5%, 0.0025 ETH, plus the network fee.

Fiat Currencies

Trust the issuing address r3ADD8kXSUKHd6zTCKfnKT3zV9EZHjzp1S for CAD (Canadian Dollars). Deposits and withdrawala incur a 2.75$ fee and are processed via Interac E-Transfer.

About our Public Services

XAGATE is a brand of 8569541 CANADA INC. operated by Taylor Warden in Hamilton, Ontario. 8569541 CANADA INC. is registered with the Financial Transactions and Reports Analysis Centre of Canada; our registration number is M16017510.  My other open source projects include the QuickGatewayKit project, a resource for developers to create their own Ripple Gateway.  You can support these projects by donating to QGK on Bountysource.

JFK Social Capital IOU

The social capital IOU named JFK is offered by the Ripple Gateway ~Xagate/rGgS5Hw3PhSp3VNT43PDTXze9YfdthHUH. The Initial Coin Offering begins with 50 million packages being sold for 0.00015 up to 0.0002 for a total market supply of 250 million to be sold over this ICO. Trust-lines from the market making account and any unsold tokens after the end of the ICO will be returned to the Gateway.

Redemption Options

500,000 JFK

While supplies last, 1/10th of .999 fine silver, shipped to anywhere in the world (note that you must be registered with the Gateway).

2.5 Million JFK

The explanation of how John F Kennedy was working for his country’s citizens’ right to sound money & was then ultimately assassinated.

5 Million JFK

Schedule a call with me to talk about the Ripple environment or anything else you wish to speak about.

Contact Details

If you have any questions about this Agreement or XAGATE’s operations, please feel free to contact me at at whotooktwarden at gmail dot com. Estimated response times will vary between 24-48 hours. All my community engagement with the Ripple community is on the official Ripple ForumXRPchat.com, and Twitter.

Proxy Buying Service

1. Send a request for a purchase to be made to taylor@xagate.com
1a. Include the URL to what you are buying.

2. The Gateway Operator reserves the right to refuse to make purchases on your behalf.

3. 3% is added to the price of the item you are purchasing.
3a. 13% of HST also applies.

4. The Gateway Operator reserves the right to bar access to this program.

Closing Federation Program

Due to technical difficulty with CORS headers, I cannot provide a federation service, therefore I am shutting down the federation program for the time being.  I do not see much need to offer this service because only a couple of people have completed the process but you never know what can happen, eh?

Perhaps ones day we will sort this bit of tech out once and for all, but for the time being we’re stuck with copying and pasting in addresses.

Federated Accounts on Hold & New Site

Hello all,

The federated accounts system is on hold pending a restructuring of the ToS again this Summer for more products and with more comprehension.  All changes to the ToS will not be documented via new posts, please revisit the original posting frequently to see any changes.

I have decided to stop throwing money away into validating for the ripple consensus ledger and instead wish to use that capital for better things such as coffee to keep me running.

Take care and check back again soon ™ for more changes and updates!

P.S. You can now visit https:/xagate.com & contact me still at taylor@xagate.com